djzab, you can do the math:
Revenue: $34m
Royalty: $10m+ (from the latest qtr report)
Leave the only the Australian largest tin mine: Collingwood at most $24m revenue.
Direct cost of sales is $28.4m, so Collingwood is losing $4.4m+
Or you can do another math, $10m+ royalty, end up with $5.5m operating surplus of $5.5m. It means Colingwood is losing $4.5m+
My worry is the tin mine is still losing money at record tin price. We need to find out what is wrong? Hedging? or high cost of production?
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